Guideline Value for SAKTHI NAGAR (PER)

Sakthi Nagar (Per) guideline value

The current guideline value of Sakthi Nagar (Per) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO and is classified as Residential Class II Type - II.

How the guideline value of Sakthi Nagar (Per) has changed

The guideline value for Sakthi Nagar (Per) has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then dropped to Rs 268 per sq.ft in 2017. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and further rose to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the value saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Sakthi Nagar (Per) below this median value.

• Samidass Street (N): Rs 660 per sq.ft (2024)
• Sampath Nagar (Kr): Rs 440 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Sanjeevi Nagar (Ward -17): Rs 660 per sq.ft (2024)
• Sankarandas Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Sagunthapuram (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar (Per)?

The Sub Registrar Office that covers Sakthi Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Ninna Karai

The guideline value is a crucial factor in property transactions in Ninna Karai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values.

Additionally, the guideline value helps in maintaining transparency in property transactions, providing a clear framework for buyers and sellers to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar (Per)?

The current guideline value of Sakthi Nagar (Per) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, with Sakthi Nagar (Per) being below this median.

What are the stamp duty and registration fees for property in Sakthi Nagar (Per)?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Sakthi Nagar (Per)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.